Gbp-cad
GBPCAD SS Long + 75 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
BO Entry = 1.7022
Stop = 1.6997
Risk = 25 pips
Profit target = 1.7097 ( The projected daily high )
Reward = 75 Pips
RRR = 3 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great weekend !
Allen
As some of you know, I combine Strength and weakness, correlation and multiple tine frame analysis with Ichimoku concepts.
Applying my methodology, you will know the best pair to trade, direction as well as specific entries and exits.
I am holding an introductory webinar on Tuesday November 5 at 5:30 am GMT (30 minutes before the European open)
I will explain the components of my methodology and the logic behind it Refreshments will be served....Lol
If you are interested, shoot me a message with your email or respond below and I will send you an invite
GBPCAD SS Long + 81 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
BO Entry = 1.6859
Stop = 1.6834
Risk = 25 pips
Profit target = 1.6940 ( The projected daily high )
Reward = 81 Pips
RRR = 3.24 - 1
I would appreciate if you leave a comment or like as a thank you
Allen
This trade was analyzed and discussed in my training room. I am holding a free special session on Tuesday November 5 for traders interested in my methodology.
GBPCAD READY FOR BULLISH BREAKOUT GBPCAD trying to break minor down trend line for correction wave
The pair found strong support @ 1.6728 could't break it supported by volume profile (accumulation area)
now price near H1 Resistance ( past resistance + GANN resistance ) , just need real breakout to buy
GBPCAD - FOREX - 29. OCTO. 2019Welcome to our weekly trade setup ( GBPCAD)!
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1 HOUR
Bearish market open this week.
4 HOUR
Great long entries at our support zone and price action turnover.
DAILY
Bullish waving market with several pullbacks, looks like we need a turn now!
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FOREX SETUP
BUY GBPCAD
1ST ENTRY @ 1.68060 (wait for trigger)
2ND ENTRY @ 1.67350
SL @ 1.66090
TP @ 1.70190
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPCAD Bullish 1-12 Weeks 1-3.5%July 24th
GBPCAD quote 1.642 target 1.66 - 1.70; duration 1-12 weeks.
GBPCAD went up 1.1% on the current 5-day chart after +1-month near-constant decline; bullish sign.
USDCAD set to rebound while low on 90-day moving average; bullish sign.
GBPUSD low on 30/90-day moving averages, near October '16 Brexit lows; bullish sign.
Bulls lost the warReasons...
1. Rejection pinbars at monthly r1, quarterly R1 (didnt plot that but its there)
2. Stochastics overbought on 4 hrs and weekly
3. MACD histogram bearish divergence on higher timeframe (daily)
4. Volume AD and OBV hit the upside of a channel - trendline resistance on 4 hrs, daily, weekly
I went short to yearly S1, previous swing.
GBP/CAD 360 pips up-move potentialHi traders, here we have the GBP/CAD pair at an important 4-hour/daily support.
The pair reached the lower trendline support, a horizontal support zone and the 61.8% Fib level while trading in an overall uptrend, signaling a potential retest of the recent highs.
Notice the bullish divergence in the RSI indicator.
Don't miss the great buy opportunity in GBPCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6591). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 78.
Take Profits:
TP1= @ 1.6817
TP2= @ 1.6970
TP3= @ 1.7312
SL= Break below S2
Don't miss the great buy opportunity in GBPCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6591). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 78.
Take Profits:
TP1= @ 1.6817
TP2= @ 1.6970
TP3= @ 1.7312
SL= Break below S2
GBPCAD - Here we have the HH HL LL LH formations with a HH in line with Previous LL if you can scroll back there is around 3/4 of the same formation currently on this chart.
FX:GBPCAD
Keep it simple do not over complicate anything because when you do it gets complicated it self!
Best advice I can give anyone in my opinion if your trading and after 20/30 pips you see your trade go from profit to loss hitting your SL I always Have a rule if it does goes into 20 - 30 pip profit move you SL to break even this way your not giving the market your money ---- Also myself trading I always keep tight SL because If it was going to go in the direction I want it to it will not move 50+pips
GBPCAD SS Short +145 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.6294
Stop =1.6314
Risk = 20 pips
Profit target = 1.6149 ( The projected daily low )
Reward = 145 Pips
RRR = 7.25-1
2nd Entry = 1.6245
Stop = 1.6270
Risk = 25 pips
Profit target = 1.6149 ( The projected daily low )
Reward = 96 Pips
RRR = 3.84 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
** I apologize if I am a little slow responding to comments as I am conducting a training room for the next several weeks.
AGE OF CURRENCY WAR
The entire industrialized world is engaged in a form of economic warfare known as inflation.
The idea being that if you can make your currency less valuable it makes your export more attractive for the foreign nations than if your currency was more expensive. So this has to do with fluctuations in currency prices. What you can buy stuff for in your country versus what you can buy stuff for in my country.
The more inflation we cause, the more attractive our exports become to other countries.
If you managed to destroy your economy through regulations, through taxation, through bad management and bad government and you don't really know how to create economic growth to pay for all the special welfare programs like UBI. If you don't have a way to do that through an actual growth, because you hamstrung your economy, how can you get more growth???
The way they do it is through currency inflation. So every industrialized nation in the world has figured this out. Now they all fighting a battle to make their currency as cheap as possible so their exports could be more attractive.
How to create inflation?
Well they reduce interest rates, making bonds less expensive, and then they end up issuing a lot of debt and printing a lot of money. They put money into circulation and they incentivize consumption.
They put extra trillions of dollars into circulation because they know people will spend each penny every single year. It is gonna create a lot of inflation.
They go further. What we see now is governments reducing its interest rates to negative.So if interest rates are negative it is no more reasonable to save money because it is costing you money to just put them in the bank.
If saving money costs you, so you should spend your money as fast as you can and that is what these countries are doing. They are offering things like: negative interest rates on the mortgage to buy a house in Scandic nations. They are trying to stimulate a massive amount of consumption to pay you so you consume.
In the beginning, it sounds like a great idea to you because you can purchase a 100000 home for 95000 by the time you done paying it because you have a negative interest rate.
Over the long term though this is going to destroy an economy because it denies a very simple truth about the time value of money, about the way economics works. If they are manipulating the system for short term benefits it will end up crashing us.
If interest rate is a price of money just think about it: if someone is paying you to take money from them, what does it tell you about future value of this money???
I will stop here.
I will be happy to know your thoughts on a current situation. Feel free to share in a comment section.